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EXCEL - IDEA: XBRL DOCUMENT - Novagen Ingenium Inc.Financial_Report.xls
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EX-31.2 - CERTIFICATION - Novagen Ingenium Inc.novagen_10q-ex3102.htm
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v2.4.0.6
7. BUSINESS COMBINATIONS (Tables)
9 Months Ended
Sep. 30, 2012
Business Combinations Tables  
Business Combination

The estimation of fair value of the assets and liabilities obtained as a result of the acquisition is as follows:

 

    Fair Value
    $
Purchase consideration        
Equity issued (400,000 shares of common stock)     76,000  
         
Fair value of assets and liabilities obtained        
Cash and cash equivalents     168  
Receivables     293  
Inventories     140,842  
Property, plant and equipment     333,772  
Payables     (399)
Identifiable assets and liabilities acquired     474,676  
         
Gain recognized on bargain purchase     398,676